PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IAF.AX vs. WVOL.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAF.AX vs. WVOL.AX

Last updated Jul 16, 2026
Documentation

IAF.AX (iShares Core Composite Bond ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both exchange-traded funds - IAF.AX is a Total Bond Market fund tracking the iShares Core Composite Bond Index, while WVOL.AX is a Global Equities fund tracking the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 5 years, IAF.AX returned -0.06%/yr vs 8.01%/yr for WVOL.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

IAF.AX vs. WVOL.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in iShares Core Composite Bond ETF (IAF.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IAF.AX achieves a 2.02% return, which is significantly higher than WVOL.AX's 1.58% return.

IAF.AX

1D
0.16%
1M
0.16%
6M
1.37%
YTD
2.02%
1Y
1.75%
3Y*
3.60%
5Y*
-0.06%
10Y*
1.53%

WVOL.AX

1D
-0.73%
1M
0.44%
6M
1.08%
YTD
1.58%
1Y
5.79%
3Y*
11.42%
5Y*
8.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAF.AX vs. WVOL.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAF.AX
iShares Core Composite Bond ETF		2.02%2.97%2.70%4.96%-9.82%-3.09%3.92%7.29%4.19%3.38%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.58%10.13%20.75%5.37%-3.23%21.37%-6.48%23.83%5.64%9.58%

Correlation

The correlation between IAF.AX and WVOL.AX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2016

0.11

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core Composite Bond ETF

iShares MSCI World ex Australia Minimum Volatility ETF

Return for Risk

IAF.AX vs. WVOL.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAF.AX
IAF.AX Risk / Return Rank: 1717
Overall Rank
IAF.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
IAF.AX Sortino Ratio Rank: 1717
Sortino Ratio Rank
IAF.AX Omega Ratio Rank: 1616
Omega Ratio Rank
IAF.AX Calmar Ratio Rank: 1717
Calmar Ratio Rank
IAF.AX Martin Ratio Rank: 1515
Martin Ratio Rank
WVOL.AX
WVOL.AX Risk / Return Rank: 2727
Overall Rank
WVOL.AX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
WVOL.AX Sortino Ratio Rank: 2727
Sortino Ratio Rank
WVOL.AX Omega Ratio Rank: 2424
Omega Ratio Rank
WVOL.AX Calmar Ratio Rank: 2828
Calmar Ratio Rank
WVOL.AX Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAF.AX vs. WVOL.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Composite Bond ETF (IAF.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IAF.AXWVOL.AXDifference
Sharpe ratioReturn per unit of total volatility
0.50
0.83

-0.32

Sortino ratioReturn per unit of downside risk
0.75
1.26

-0.51

Omega ratioGain probability vs. loss probability

1.09

1.15

-0.05

Calmar ratioReturn relative to maximum drawdown

0.51

1.17

-0.65

Martin ratioReturn relative to average drawdown

1.09

2.93

-1.84

IAF.AX vs. WVOL.AX - Sharpe Ratio Comparison

The current IAF.AX Sharpe Ratio is 0.50, which is lower than the WVOL.AX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of IAF.AX and WVOL.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IAF.AX vs. WVOL.AX - Drawdown Comparison

The maximum IAF.AX drawdown since its inception was -15.62%, smaller than the maximum WVOL.AX drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for IAF.AX and WVOL.AX.

Loading charts...

Drawdown Indicators

IAF.AXWVOL.AXDifference

Max Drawdown

Largest peak-to-trough decline

-15.62%

-21.05%

+5.43%

Max Drawdown (1Y)

Largest decline over 1 year

-3.57%

-5.56%

+1.99%

Max Drawdown (3Y)

Largest decline over 3 years

-3.65%

-5.92%

+2.27%

Max Drawdown (5Y)

Largest decline over 5 years

-15.10%

-12.52%

-2.58%

Max Drawdown (10Y)

Largest decline over 10 years

-15.62%

—

—

Current Drawdown

Current decline from peak

-1.92%

-1.83%

-0.09%

Average Drawdown

Average peak-to-trough decline

-3.25%

-3.70%

+0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

2.24%

-0.52%

Volatility

IAF.AX vs. WVOL.AX - Volatility Comparison

The current volatility for iShares Core Composite Bond ETF (IAF.AX) is 0.68%, while iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) has a volatility of 2.31%. This indicates that IAF.AX experiences smaller price fluctuations and is considered to be less risky than WVOL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IAF.AXWVOL.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.68%

2.31%

-1.63%

Volatility (6M)

Calculated over the trailing 6-month period

2.70%

6.26%

-3.56%

Volatility (1Y)

Calculated over the trailing 1-year period

3.65%

7.90%

-4.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.00%

9.41%

-4.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.33%

11.62%

-7.29%

Dividends

IAF.AX vs. WVOL.AX - Dividend Comparison

IAF.AX's dividend yield for the trailing twelve months is around 3.15%, more than WVOL.AX's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
IAF.AX
iShares Core Composite Bond ETF		3.15%2.99%2.78%1.51%1.57%1.63%1.59%2.21%2.28%2.30%2.47%3.62%
WVOL.AX
iShares MSCI World ex Australia Minimum Volatility ETF		1.47%3.09%3.43%2.19%2.62%1.75%2.36%2.37%4.62%1.43%0.00%0.00%

Frequently Asked Questions

IAF.AX and WVOL.AX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAF.AX is categorized as Total Bond Market, while WVOL.AX is Global Equities. IAF.AX tracks iShares Core Composite Bond Index, while WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index.

Portfolio Optimizer

Find the right allocation for IAF.AX and WVOL.AX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer